Signs of turnaround in core inflation have weakened – ECB’s Draghi

By FXStreet FXStreet (Mumbai) – The ECB President Draghi, while speaking in Brussels, dropped a surprise by stating the turn around in core inflation appears to have weakened due to low oil price and delayed reaction to stronger Euro.

The President also reiterated that the bank will consider the need for more monetary policy accommodation at the December meeting.

Key Quotes

Sees signs core inflation turnaround has ‘somewhat weakened’

Downside risks to Economy are ‘clearly visible’

QE to run past Sep 2016, if needed for inflation target

Monetary policy to be re-examined at the December meeting

Can use other tools to strengthen QE impact
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Source:: FX Street